Loading...
05-16-2007 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, May 16, 2007 Regular Meeting Packet Board Members: Lee Elliott Tom Gdowski Barry Sandstrom Sue Pirnie Glen Murray 4:00 PM Grand Island City Hall 100 E 1st Street Grand Island Regular Meeting - 5/16/2007 Page 1 / 17 Call to Order Roll Call A - SUBMITTAL OF REQUESTS FOR FUTURE ITEMS Individuals who have appropriate items for City Council consideration should complete the Request for Future Agenda Items form located at the Information Booth. If the issue can be handled administratively without Council action, notification will be provided. If the item is scheduled for a meeting or study session, notification of the date will be given. B - RESERVE TIME TO SPEAK ON AGENDA ITEMS This is an opportunity for individuals wishing to provide input on any of tonight's agenda items to reserve time to speak. Please come forward, state your name and address, and the Agenda topic on which you will be speaking. DIRECTOR COMMUNICATION This is an opportunity for the Director to comment on current events, activities, and issues of interest to the commission. Grand Island Regular Meeting - 5/16/2007 Page 2 / 17 Community Redevelopment Authority (CRA) Wednesday, May 16, 2007 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 5/16/2007 Page 3 / 17 AGENDA Wednesday May 16, 2007 4:00 p.m. Grand Island City Hall Open Meetings Notifications 1.Call to Order Barry Sandstrom This is a public meeting subject to the open meetings laws of the State of Nebraska. The requirements for an open meeting are posted on the wall in this room and anyone that wants to find out what those are is welcome to read through them. 2.Approval of Minutes of April 4, 2007 Meeting. 3.Approval of Financial Reports 4.Approval of Bills 5.Preliminary Discussion on Budget for 2007-2008 6.Review of Committed Projects and CRA Properties 7.Update on Blight Study for Area 6 8.Discussion of Possible Purchase of Properties in CRA Designated Areas 9.Directors Report 10.Adjournment Next Meeting June 13, 2007 The CRA may go into closed session for any agenda item as allowed by state law. Grand Island Regular Meeting - 5/16/2007 Page 4 / 17 Community Redevelopment Authority (CRA) Wednesday, May 16, 2007 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 5/16/2007 Page 5 / 17 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF May 16, 2007 Pursuant to due call and notice thereof, a Regular Meeting of the Community Redevelopment Authority of the City of Grand Island, Nebraska was conducted on May 16, 2007 at City Hall, 100 E First Street. Notice of the meeting was given in the May 9, 2007 Grand Island Independent. 1.CALL TO ORDER Chair Barry Sandstrom called the meeting to order at 4:02 p.m. The following members were present: Tom Gdowski, Lee Elliott, Sue Pirnie, Barry Sandstrom. Also present were; Director, Chad Nabity; Secretary, Barb Quandt; Legal Counsel, Duane Burns; Finance Director, Dave Springer; Council Liaison, Peg Gilbert; GI Independent, Tracy Overstreet. Chair Barry Sandstrom stated this was a public meeting subject to the open meeting laws of the State of Nebraska. He noted that the requirements for an open meeting were posted on the wall easily accessible to anyone who would like to read through them. 2. APPROVAL OF MINUTES. Sandstrom noted that the word Independent was used twice to designate the GI Independent representative. A motion for approval of the Minutes, as corrected, for the April 4, 2007 CRA meeting was made by Gdowski and seconded by Pirnie. Upon roll call vote, all present voted aye. Motion carried unanimously. 3.APPROVAL OF FINANCIAL REPORTS. Dave Springer briefly reviewed the financial reports for the period of April 1, 2007 through April 30, 2007. He noted revenue in the amount of $28,884 and expenses of $9300 for the month. The total ending cash was $864,302. Motion by Pirnie, second by Elliott, to approve the financial reports. Upon roll call vote, all present voted aye. Motion carried unanimously. Grand Island Regular Meeting - 5/16/2007 Page 6 / 17 4.APPROVAL OF BILLS. The bills were reviewed by the Authority. Motion by Elliott, second by Pirnie, to approve the bills in the amount of $2086.16. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills in the amount of $2086.16. 5.PRELIMINARY DISCUSSION ON BUDGET FOR 2007-2008. Members discussed the Budget for the new fiscal year. Nabity asked members to peruse the copy of the 2006-07 Budget and then make suggestions for the 2007-08 Budget. He suggested that 20% of the Director’s salary, rather than the current 10%, would be a more appropriate percentage for the CRA to contribute. Various categories were discussed. A discussion was held regarding the possibility of the CRA forming a partnership with other entities to install directional horns at railroad crossings in the downtown area. Nabity noted that a change would need to be made to the Redevelopment Plan should a decision be made to undertake a portion of this project. Members were of the opinion that the directional horns would be an asset to the downtown area. Sandstrom asked if Nabity would request a presentation from a representative of the Lied Mainstreet group for the meeting next month. He also asked for a good estimate of which committed projects will be remaining at the end of this fiscal year. 6.REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. Nabity gave an update of the committed projects and properties of the CRA. He stated that 1321 N. Cherry was sold. This property ended up costing the CRA about $2750. JEO is moving forward with a few minor modifications, which may result in a lesser financial amount requested. It appears that there has been no action on the Romsa project. Mayhew is working on the Harmony Building. Nabity also stated that there has been some interest in the Star Motel property. Grand Island Regular Meeting - 5/16/2007 Page 7 / 17 7. UPDATE ON BLIGHT STUDY FOR AREA 6. Nabity reported that the Charrettes were held at the Banquet Center at North Skagway on April 30th and May 1st. The study is expected for the July meeting. Since Marty will be unable to attend the scheduled CRA meeting date in July, the meeting date will need to be rescheduled. Nabity will email members with available dates. 8. DISCUSSION OF POSSIBLE PURCHASE OF PROPERTIES IN CRA DESIGNATED AREAS. Chairman Sandstrom asked for a motion to go into Executive Session in order to discuss possible purchase of properties. The motion was made by Elliott, seconded by Pirnie, to go into Executive Session. Upon roll call vote all present voted aye. Motion carried unanimously and the meeting went into Executive Session at 4:35 p.m. Chairman Sandstrom asked for a motion to return to regular session. Gdowski made the motion, and Elliott seconded the motion to return to regular session. Upon roll call vote, all present voted aye. Motion carried unanimously and the meeting returned to regular session at 5:00 p.m. 9. DIRECTOR’S REPORT. Nabity reported that he would be attending a meeting in Lincoln on May 17, 2007 which would discuss LB562. This bill makes available a means of financing that does not negatively impact cities or the CRA. Nabity also reported that Marlan Ferguson recently brought over a Blighted and Substandard Study for a property recently annexed by the City. Duane Burns, legal counsel, was asked to do a search to ascertain whether a request for TIF, not recommended by CRA, would go forward to Council. 10. ADJOURNMENT. The next meeting is scheduled for June 13, 2007 at 4:00 p.m. Chair Sandstrom adjourned the meeting at 5:15 p.m. Respectfully submitted, Chad Nabity Director Grand Island Regular Meeting - 5/16/2007 Page 8 / 17 Community Redevelopment Authority (CRA) Wednesday, May 16, 2007 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 5/16/2007 Page 9 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF APRIL 2007 MONTH ENDED 2006 - 2007 2007 REMAINING APRIL 2007 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 844,718 1,309,485 1,309,485 REVENUE: Property Taxes 21,950 262,351 715,336 452,985 Loan Proceeds - - Interest Income 6,434 21,609 10,000 (11,609) Land Sales 500 500 100,000 99,500 Other Revenue - 4,014 - (4,014) TOTAL REVENUE 28,884 288,474 825,336 536,862 TOTAL RESOURCES 873,602 1,597,959 2,134,821 536,862 EXPENSES Auditing & Accounting - 5,400 8,000 2,600 Legal Services 1,400 4,250 10,000 5,750 Consulting Services - - 15,000 15,000 Contract Services 7,900 24,300 50,000 25,700 Printing & Binding - - 1,500 1,500 Other Professional Services - 3,429 7,000 3,571 General Liability Insurance - - - - Matching Grant - - - - Legal Notices - 74 1,000 926 Licenses & Fees - - 4,000 4,000 Travel & Training - - 1,500 1,500 Other Expenditures - 10 500 490 Office Supplies - 32 750 718 Supplies - - 500 500 Land - 15,137 115,000 99,863 Façade Improvement - 127,300 445,000 317,700 South Locust - - - - Alleyway Improvement - - - - Other Projects - 448,680 725,000 276,320 Bond Principal - 58,584 112,581 53,997 Bond Interest - 46,461 110,215 63,754 Interest Expense - - - - - - - TOTAL EXPENSES 9,300 733,657 1,607,546 873,889 INCREASE(DECREASE) IN CASH 19,584 (445,183) (782,210) (337,027) ENDING CASH 864,302 864,302 527,275 (337,027) LESS COMMITMENTS 564,232 - AVAILABLE CASH 300,070 864,302 527,275 (337,027) CHECKING 153,819 PETTY CASH 50 INVESTMENTS 710,433 Total Cash 864,302 Grand Island Regular Meeting - 5/16/2007 Page 10 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF APRIL 2007 MONTH ENDED 2006 - 2007 2007 REMAINING APRIL 2007 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 21,950 160,075 492,540 332,465 Interest Income 6,415 21,361 10,000 (11,361) Land Sales 500 500 100,000 99,500 Other Revenue & Motor Vehicle Tax 2,467 (2,467) TOTAL 28,865 184,403 602,540 418,137 GILI TRUST Property Taxes 32,233 65,780 33,547 Interest Income - - - Other Revenue - 324 (324) TOTAL - 32,557 65,780 33,223 CHERRY PARK LTD II Property Taxes 30,453 59,180 28,727 Interest Income 18 136 - (136) Other Revenue 68 - (68) TOTAL 18 30,657 59,180 28,523 GENTLE DENTAL Property Taxes - 4,202 4,202 Interest Income 0 2 - (2) Other Revenue 846 - (846) TOTAL 0 848 4,202 3,354 PROCON TIF Property Taxes 8,785 19,162 10,377 Interest Income 0 26 - (26) Other Revenue 223 - (223) TOTAL 0 9,034 19,162 10,128 WALNUT HOUSING PROJECT Property Taxes 30,806 74,472 43,666 Interest Income 0 83 - (83) Other Revenue 86 - (86) TOTAL 0 30,975 74,472 43,497 TOTAL REVENUE 28,884 288,474 825,336 536,862 Grand Island Regular Meeting - 5/16/2007 Page 11 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF APRIL 2007 MONTH ENDED 2006 - 2007 2007 REMAINING APRIL 2007 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting 5,400 8,000 2,600 Legal Services 1,400 4,250 10,000 5,750 Consulting Services - 15,000 15,000 Contract Services 7,900 24,300 50,000 25,700 Printing & Binding - 1,500 1,500 Other Professional Services 3,429 7,000 3,571 General Liability Insurance - - - Matching Grant - - - Legal Notices 74 1,000 926 Licenses & Fees - 4,000 4,000 Travel & Training - 1,500 1,500 Other Expenditures - 500 500 Office Supplies 32 750 718 Supplies - 500 500 Land 15,137 115,000 99,863 PROJECTS Façade Improvement - 127,300 445,000 317,700 South Locust - - - - Alleyway Improvement - - - - Other Projects - 448,680 725,000 276,320 TOTAL CRA EXPENSES 9,300 628,603 1,384,750 756,147 GILI TRUST Bond Principal 21,375 37,279 15,904 Bond Interest 11,515 28,501 16,986 TOTAL GILI EXPENSES - 32,890 65,780 32,890 CHERRY PARK LTD II Bond Principal - 16,741 34,131 17,390 Bond Interest - 12,849 25,049 12,200 TOTAL CHERRY PARK EXPENSES - 29,590 59,180 29,590 GENTLE DENTAL Legal Services - - - Bond Principal - 955 1,987 1,032 Bond Interest - 1,146 2,215 1,069 TOTAL GENTLE DENTAL - 2,101 4,202 2,101 PROCON TIF Legal Services - - - - Interest Expense - - - - Licenses & Fees - - - - Other Expenditures - - - - Bond Principal - 4,303 8,250 3,947 Bond Interest - 5,278 10,912 5,634 TOTAL PROCON TIF - 9,581 19,162 9,581 WALNUT HOUSING PROJECT Legal Services - - - - Bond Principal - 15,210 30,934 15,724 Bond Interest - 15,673 43,538 27,865 Grand Island Regular Meeting - 5/16/2007 Page 12 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF APRIL 2007 MONTH ENDED 2006 - 2007 2007 REMAINING APRIL 2007 YEAR TO DATE BUDGET BALANCE Other Expenditures 10 - (10) - - - TOTAL WALNUT HOUSING - 30,893 74,472 43,579 TOTAL EXPENSES 9,300 733,657 1,607,546 873,889 Grand Island Regular Meeting - 5/16/2007 Page 13 / 17 Community Redevelopment Authority (CRA) Wednesday, May 16, 2007 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 5/16/2007 Page 14 / 17 16-May-07 TO: Community Redevelopment Authority Board Members FROM: Chad Nabity, Planning Department Director RE: Bills Submitted for Payment at May 16, 2007 CRA Meeting The following bills have been submitted to the Community Redevelopment Authority Treasurer for preparation of payment. City of Grand Island Administration $1,250.00 Accounting $375.00 Grand Island Independent $11.16 Monthly & Redevelopment Plan Notices Mayer, Burns, Koenig & Janulewicz RDG Quality Cut Shrub & Lawn Care Inc.$380.00 tree branch removal (1st, 2nd & Locust) NPZA 70.00 Registration Fees - Conference/Institutes Total: $2,086.16 Grand Island Regular Meeting - 5/16/2007 Page 15 / 17 Community Redevelopment Authority (CRA) Wednesday, May 16, 2007 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 5/16/2007 Page 16 / 17 COMMITTED PROJECTS AMOUNT ESTIMATED DUE DATE Central NE Humane Soc.$258,000 June 2007 Housing Study $8,250 December 2007 JEO Building $117,000 June 2007 Hall County $37,500 Spring 2007 Romsa Real Estate Center $75,000 Spring 2007 Harmony Bldg. 224 W 3rd Street $68,482 Fall 2007 Total Committed $564,232 CRA PROPERTIES Address Purchase Price Purchase Date Demo Cost Status 203 E 1st St.$68,627 10-09-02 $23,300 Surplus 217 E 1st St $17,000 03-20-03 $6,500 Surplus 408 E 2nd St $6,000 11-11-05 $7,500 Surplus 2707 and 2709 S. Locust $155,740 12-30-05 $15,339.23 Surplus 1321 N Cherry $14,000 12-29-06 $3,750 Sold 4-30-07 May 8, 2007 Grand Island Regular Meeting - 5/16/2007 Page 17 / 17